Crypto markets ‘between a rock and a hard place,’ Peter Brandt says

Peter Brandt, long-time trader and CEO of proprietary trading firm Factor LLC, recently gave his thoughts on the current crypto market, describing the price action stuck between two difficult giants.  “Bitcoin and Ethereum — those really, for me, is where the game is played,” Brandt told Cointelegraph in a Sept. 9 interview when asked about his thoughts on Bitcoin for the days and months ahead. As the two largest market cap assets in the crypto space, BTC and ETH each hold a large following, with their actions indicative of market…

NFT market’s RARI token sees 100% gain after CoinFund investment

New York-based crypto investment firm CoinFund has made an undisclosed investment into the digital art-focused non-fungible token (NFT) marketplace, Rarible. According to a September 8 announcement from Rarible, funds from the pre-seed round will be used to develop a “community-governed” NFT marketplace. The Rarible platform launched earlier this year and began issuing its RARI governance token this week — with RARI doubling in price since trade commenced on Uniswap 24 hours ago. Rarible predicts that the NFT sector will see a 50% growth in capitalization to tag a $315 million…

Public companies, private markets, crypto offerings and you, Aug. 28–Sept. 4

Editor’s note It is a cruel twist of fate that during the first hiatus week in Law Decoded’s existence, the SEC put out long-awaited updates to accredited investor qualifications. Upon reading the news, your faithful and ever-vigilant policy editor put down his phone, cast a wistful eye upon the sun’s reflection dancing in the midground of the Atlantic Ocean. Bracing himself with a deep quaff of Corona, he thought ‘Not today.’ Before the sorrow of not being the one to bring the news to you could overwhelm him, he grabbed…

New DeFi alliance to connect Eastern and Western DeFi markets

Amid the ongoing craze around decentralized finance, or DeFi, a blockchain startup in China is launching a global DeFi initiative. Conflux Network, a permissionless blockchain startup, has launched a new DeFi-focused association focused on international cooperation of major industry players. Called “Open DeFi,” the new alliance aims to connect Eastern and Western DeFi markets, uniting China-based blockchain leaders and global DeFi startups to streamline cross-border market growth, sustainability and innovation.  According to a Sept. 3 announcement, the new alliance is supported by the Chinese government through the Shanghai Science and…

Is 2020’s “DeFi mania” the next evolution of financial markets?

Crypto eras are often defined by their yearly trends: the meteoric bull run of 2017, the crypto winter and ICO boom of 2018, and the resurgent crypto spring of 2019. Will 2020’s explosive DeFi growth usher in a new era of crypto? Join Shapeshift head of trading Clark Read and Hxro CEO Dan Gunsberg as they examine how the evolution of financial markets paved the way for the coming of decentralized finance. During the show, don’t forget to write any questions you might have in the chat. We’ll pick the…

Looks Like DeFi is Coming to Prediction Markets

PlotX seeks to create robust prediction markets for the burgeoning DeFi space by taking a slightly different approach than Augur and other similar projects. Its founder Ish Goel told Cointelegrpah that his company follows in Uniswap’s footsteps: What Uniswap did for exchanges, PlotX essentially is planning to do that with prediction markets. Unlike many of its competitors, PlotX generates markets automatically and focuses on short-term predictions instead of trying to cover all durations. For every trading pair that gets added to the platform, the algorithm automatically creates hourly trading pairs…

Spot Markets Target Top-Tier Exchanges While Derivatives Gain Market Share

CryptoCompare’s cryptocurrency Exchange Review for July 2020 has recently been published, giving an insight into last month’s exchange volume data and trends. Key points of interest include a flippening of sorts in the spot market, with the majority of volume now being traded on top-tier rather than lower-tier exchanges, and derivatives continuing to make ground on spot markets as they gain overall market share. As Cointelegraph reported, CryptoCompare also publishes an Exchange Benchmark, which ranks more than 165 global spot exchanges. Exchanges which are graded AA–B are considered top-tier, while…

Novogratz Says Biden and Harris Good for Country, Bad for Markets

Galaxy Digital CEO and known Bitcoin (BTC) proponent, Mike Novogratz, said he sees upcoming financial market difficulties if Democrats take the U.S. presidential bid in November.  “Electing Biden and Harris, as much as it’s going to be great for the country, it’s not going to be great for the market,” Novogratz told Bloomberg in an Aug. 14 interview.  Following his comments on Biden’s vice president, Kamala Harris, being “fair” to Wall Street if elected, Novogratz mentioned heightened taxes from a Democratic presidential win. “The Democrats are going to be tougher…

Will Bitcoin Hit $12K? Join Crypto Markets Live With Big Cheds & Big Chonis!

Will Bitcoin break the next resistance at $12,000? Which altcoins are looking promising (and which aren’t)? Tune in now to this week’s Crypto Markets Live to find out! Trading experts Big Cheds and Big Chonis apply their signature technical analysis to Bitcoin (BTC), Chainlink (LINK), Tezos (XTZ), Ripple (XRP), and more. They will also discuss a possible correlation between Bitcoin and gold. During the show, don’t forget to write any questions you might have in the chat. We’ll pick the most interesting ones to ask our guests! Hosted every Thursday…

Almost 1 Million Bitcoin is Held by Darknet Markets, Scammers & Thieves

According to Chainalysis, almost one million Bitcoin (BTC) is held by illicit actors in the space with over half being held by darknet markets. Bitcoin held by illicit entities. Source: Chainalysis. Illicit markets currently have 585,000 BTC in their possession, scams have 99,000 BTC, stolen funds constitute another 205,000 BTC, and all others hold an additional 3,000 BTC — a grand total of 892,000 BTC. According to Chainalysis, only 0.32% of all current Bitcoin flows are tainted by illicit activity. Laundering of illicit Bitcoins. Source: Chainalysis. Exchanges play a pivotal…